Previous Metals Preview: Gold holding around one week high ahead of nonfarm payrolls data

COMEX Gold old futures consolidated around $3360 per ounce mark as traders eyed a weaker US dollar index that has slipped to a 3.5-year low near 96 this week, pressured by fiscal worries and dovish Fed expectations. All eyes are now on Thursday?s US payrolls data for direction, with markets seeking clarity on the Fed?s next rate stance. Global geopolitical scenario stayed cautious too, keeping gold near one week high.

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